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Property profile & analytics
OFF-MARKET
Estimated value
$4,415,000
Office buildings
1408 4th Ave Seattle, WA 98101-2280
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US90-0997543
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1907
Construction
CONCRETE
Total area
34,624 SF
Lot
0.15 ac (6,660 SF)
Zoning code
DRC 85-170
APN
197570-0275
UPID
US90-0997543
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Neil & Sons Electricians Electrical Service General Contractor
-
Pressok Entertainment Publishing House
-
Reaxion (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.42M
Owner & transaction history
4th Avenue Bldg LLC · 9 yrs held
4th Avenue Bldg LLC
since 2017
7 recorded transactions
Zoning & alternative use
DRC 85-170 · Seattle, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Seattle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seattle submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$128 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$55,620
Tax year 2022
Assessed value
$6,694,000
Assessed 2022
Previous assessed
$6,694,000
+0.0% YoY
Effective rate
0.83%
On assessed value
Assessed land
$5,827,500
Assessed improvement
$866,500
Land market value
$5,827,500
Improvement market value
$866,500
Total market value
$6,694,000
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1907
Construction
CONCRETE
Heating
HOT WATER
Stories
5
Total area
34,624 SF
Lot
0.15 ac (6,660 SF)
Zoning code
DRC 85-170
APN
197570-0275
UPID
US90-0997543
Jurisdiction
KING
Metro division
SEATTLE-BELLEVUE-EVERETT, WA METROPOLITAN DIVISION
Zoning & alternative use
DRC 85-170 · Seattle, WA
Zoning DRC 85-170 · permitted uses
DRC 85-170 · Seattle, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seattle. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1907
Construction
CONCRETE
Heating
HOT WATER
Stories
5
Lot
0.15 ac
Current owner
From public records · entity-resolved
4th Avenue Bldg LLC
Entity
Mailing address
PO BOX 2329, GIG HARBOR, WA 98335-4329
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2017
—
4th Avenue Bldg LLC
Sfi Holding LLC
Quit Claim Deed
related
—
Oct 5, 2012
—
Sfi Holding LLC
4th Avenue Bldg LLC
Quit Claim Deed
related
—
Feb 8, 2006
—
4th Avenue Bldg LLC
—
Deed Of Trust
related
$3,000,000 · Venture Bank
Jan 22, 2003
$2,100,000
4th Avenue Bldg LLC
Blackstone Corp
Trustees Deed
—
Feb 16, 2000
$5,000,000
Pioneer Northwest LLC
Alpha Imperial Building INC
Grant Deed
$2,800,000 · Seattle Funding Group Ltd
—
—
4th Avenue Bldg LLC
—
Deed Of Trust
related
$5,500,000 · Danny R Schnitzer
—
—
Alpha Imperial LLC
—
Deed Of Trust
related
$500,000 · Wusa INC
—
—
4th Avenue Building LLC
—
Deed Of Trust
related
$3,000,000 · Danny R Schnitzer
—
—
Alpha Imperial Building LLC
—
Deed Of Trust
related
$1,220,000 · Asia Europe Americas Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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